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Enforcement Notice Hearing - IN THE MATTER OF Byron Capital Markets Ltd. and Robert Campbell Becher - Settlement Hearing - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Enforcement Notice Hearing - IN THE MATTER OF Byron Capital Markets Ltd. and Robert Campbell Becher - Settlement Hearing

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SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

TORONTO, May 9, 2014 /CNW/ - A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) to consider whether the panel should accept a Settlement Agreement entered into between IIROC staff, Byron Capital Markets Ltd. and Robert Campbell Becher.

The Agreement concerns Byron Capital Markets Ltd.'s failure to ensure adequate disclosure in various research reports and Mr. Becher's failure to adequately supervise the activities of a research analyst.

The hearing is not open to the public, but will become open in the event that the panel accepts the agreement. If the agreement is accepted, the Panel's decision and the Settlement Agreement will be made available at www.iiroc.ca.

Documents related to ongoing IIROC enforcement proceedings – including Reasons and Decisions of Hearing Panels – are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents.

Hearing Date:

Thursday, May 29, 2014 at 10:00 a.m.



Location:

IIROC Office, British Columbia Room


121 King Street West, 20th Floor


Toronto, Ontario

IIROC formally initiated the investigation into Byron Capital Markets Ltd. and Mr. Becher's conduct in February 2011.  The conduct occurred when Mr. Becher was head of investment banking and a Supervisor with Byron Capital Markets Ltd., an IIROC-regulated firm.  Mr. Becher is currently the CEO, a Supervisor, President and UDP of Byron Capital Markets Ltd.

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IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.

IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

IIROC investigates possible misconduct by its member firms and/or individual registrants. It can bring disciplinary proceedings which may result in penalties including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by IIROC-regulated firms is available free of charge through the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.

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